RBA Gov Bullock Speaks

RBA Gov Bullock Speaks is shorthand for any scheduled public appearance by Michele Bullock as Governor. It covers speeches, panels, testimonies, and interviews. The publisher is the Reserve Bank of Australia (RBA), Australia's central bank, acting through its Speeches programme. Topics span the Bank's role and functions, such as monetary policy, financial stability, and payments.

Bullock commenced as Governor on 18 September 2023 on a seven-year term. Governor speeches run from 24 October 2023, her first address in the role. Coverage is one speaker before a named audience, with no survey, no sample, no reading, no value, no index, and no units.

Appearances occur only when scheduled, with no fixed interval, weekday, clock time, or time zone. Each page records the event name, city, and calendar date. Forthcoming speeches appear under Coming Up on the home page. The 11:30 am data rule governs data releases, not speeches.

Each page posts the title, speaker name and role, event name, and full HTML text. As available, it adds audio, a downloadable text, a Q&A transcript, and video. These are alternative renderings of the same remarks, not separate readings. No revision cycle exists for speeches.

The publisher lists no fixed components, weights, or drivers, so each speech selects its own themes.

• Policy framework: Monetary Policy Board objectives for price stability and full employment.
• Inflation assessment: whether price rises reflect supply shocks or homegrown demand, including trimmed mean inflation.
• Financial stability: resilience considerations for the financial system.
• Framework changes: operational and process lessons from the Review of the RBA.

A Monetary Policy Fit for the Future shows how the item works. Bullock gave it at the Australian Business Economists Annual Dinner in Sydney on 22 November 2023. It explained a 25 basis point rise at the November meeting after steady months, since activity and inflation proved more resilient than expected.

It framed the remaining challenge as homegrown and demand driven, after inflation fell from 8% to 5.5% in three quarters. It cited trimmed mean inflation above target, about two-thirds of items above 3%, strong services prices, and high labour use.

Services examples included hairdressers and dentists, dining out, and sporting and recreational activities. It expected two more years for a similar fall below 3%, by aligning demand with supply while keeping employment growing. It left the decision to the minutes, released the day before, so the speech carries no numeric value of its own.

1. No formula: There is no formula, weighting, aggregation, or seasonal adjustment, because remarks are prose, not statistics.
2. Page assembly: For an event titled [Title], the RBA posts one text, one audio file, and one transcript. The header names the Governor, event, city, and date. No numbers are added, averaged, or indexed at any step.